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8 February, 14:06

Karen depostited $5000 as a certificate of deposit in a bank for a period of 3 years. The certificate or deposit pays a simple interest of 15% per year and pays interest every 6 months. How much interest does she get every 6 months

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  1. 8 February, 14:20
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    15% per year

    7.5% half year

    5000 * 7.5% = $375 every 6 months.
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